WESTERN POTASH CORP T.WPX

Buzy morning

[materialsgirl]

I had to put about 7 or 8 people who were just spamming on "Ignore"

Surely there must be something stockhouse can do to block them.

It is a waste of time putting them on ignore but an even bigger one leaving them there

Mat

[Treadnimbly]

Good to see you still around Matsgirl. Ignore button busy here too. We should be thanking Rio/North Atlantic for WPX's new value when you consider their control over KP 405. Rio/NA must be a little ticked over their oversight and these articles however, they have 2 choices but to take out WPX would push their project earlier and double their resource. For these reasons it may make this

[theinvstore]

I suggest a response from RIO is not urgent! ...we do not know they arent already in discussions and my understandnig is freehold land and mining rights often overlap. As a business case I agree the advanatageous of buying out WPX outweigh all else. However, the WPX feasibility study uses only the land to which WPX owns mining rights...why couldnt RIO do same ?

[Eddie17]

Theinvstore Just to clarify, WPX & RIO lease the freehold properties or hold Permits (initial Crown acquisitions, later becoming Crown Mineral Leases) , as opposed to "owns" the land.  RIO secured the Crown Permits in their block, however, WPX pursued freehold rights outside it's permitted block and beat RIO to the punch in a big way. I believe the concern on RIO's part

[theinvstore]

You are correct Ed.. "Crown mineral lands" are those lands that are identified in green. Those are the lands to which WPX has the mineral rights. 20 years lease with first right or refusal for the 20 years following. Freehold properties are interspersed on both KP405 and KLSA008.Mineral rights for those "freehold" properties are excluded from mining at this point or until the

[bishmattu]

You wrote,"20 years lease with first right or refusal for the 20 years following." Did you read this somewhere or are you a freehold mineral rights owner?

[theinvstore]

Due diligence my friend due diligence. Seek and ye shall find!

[theinvstore]

My mistake...21 years and 21 years. https://www.westernpotash.com/news/western-potash-announces-purchase-milestone-project-plan-site-land-and-sedar-filing-technical Learn to do your own due diligence!